Understand the financial objectives for starting a business (D)
Be able to describe a range of non-financial objectives (C)
Analyse the difference or objectives when starting a business or social enterprise (B)
Research business bank accounts - what advice would you offer to a small business regarding their banking when starting up
Starter (10 mins)
Make a mind map of all of your marketing ideas.....
Key Words (2 mins)
Add todays keywords to your spreadsheet or book
Information (5 mins)
Strengths Weaknesses Opportunities Threats
Strengths and weaknesses are internal factors and affect the present (what are you good at, what do you struggle with?)
Opportunities and threats are external factors and may change over time (is there a gap in the market, what are your competition doing?)
A SWOT analysis may be created easily in a mindmapping application. Try Mind 42 or MindMup
Task (10 mins)
Create a SWOT analysis like the one above for a bouncy castle business that YOU will be running. (This one is for a business that I would be running)
Task (35 mins)
Continue with your business plan - remembering to include your SWOT analysis
SWOT Analysis
Lesson 1 Lesson 2 Lesson 3 Lesson 4 Lesson 5 Lesson 6 Lesson 7 End of Unit Test
Lesson Objectives
Understand the financial objectives for starting a business (D)Be able to describe a range of non-financial objectives (C)
Analyse the difference or objectives when starting a business or social enterprise (B)
Starter (10 mins)
Make a mind map of all of your marketing ideas.....Key Words (2 mins)
Add todays keywords to your spreadsheet or bookInformation (5 mins)
Strengths
Weaknesses
Opportunities
Threats
Strengths and weaknesses are internal factors and affect the present (what are you good at, what do you struggle with?)
Opportunities and threats are external factors and may change over time (is there a gap in the market, what are your competition doing?)
A SWOT analysis may be created easily in a mindmapping application. Try Mind 42 or MindMup
Task (10 mins)
Create a SWOT analysis like the one above for a bouncy castle business that YOU will be running. (This one is for a business that I would be running)
Task (35 mins)
Continue with your business plan - remembering to include your SWOT analysis
Plenary (5 mins)
Green pen your business plan